Hang Seng Index: high shock retreat

Hong Kong Hang Seng Index closed down 266.41 points, or 1.22%, at 21586.66 points on July 6 (Wednesday); Hang Seng technology index fell 1.23%. The three major indexes of Hong Kong stocks fell across the board, the US index hit a 20-year high, most large technology stocks fell, jd.com fell nearly 4%, Kwai fell more than 2%, Netease, Baidu and Xiaomi all fell, but Alibaba bucked the trend and closed up 1.56%; Black series commodities fell sharply, and the market is worried about the acceleration of the global economic recession.

According to the 4-hour chart, the high short dynamic shock retreated, fell below the brin zone index and entered the middle and lower track range. The brin zone index was in the closing trend, the MACD index was in the weak consolidation retreat of the long region, and the RSI index was hovering near the 50 equilibrium line;

Long short turning point: 21679

Pressing position: 21994, 22313

Support position: 21206, 20891

Trading strategy: bearish below 21679, targets 21206, 20891

Alternative strategies: bullish above 21679, targets 21994, 22313